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Red Oak funds boost Motorsport Games (MSGM) stake with open-market share purchases

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Motorsport Games Inc. reported insider buying by investment entities associated with Red Oak Partners, LLC. On July 1–2, 2026, The Red Oak Fund, LP and The Red Oak Long Fund, LP together purchased 15,937 shares of Class A common stock in open-market transactions.

The reported weighted average prices were about $4.14 and $4.07 per share, with actual trades ranging from $3.94 to $4.25. After these purchases, The Red Oak Fund, LP held 295,881 shares and The Red Oak Long Fund, LP held 162,700 shares, all reported as indirect holdings through Red Oak Partners, LLC, which disclaims beneficial ownership beyond its pecuniary interest.

Positive

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Insights

Funds linked to Red Oak increased their Motorsport Games stake through open-market buying.

Investment entities associated with Red Oak Partners, LLC, a more-than-10% owner, executed four open-market purchases totaling 15,937 shares of Motorsport Games Class A stock. Transactions occurred on July 1–2, 2026 at weighted average prices near $4.07 and $4.14 per share.

The Red Oak Fund, LP and The Red Oak Long Fund, LP now hold 295,881 and 162,700 shares, respectively, reported as indirect holdings through Red Oak Partners. The filing states each reporting person disclaims beneficial ownership beyond its pecuniary interest, which is a standard legal clarification and does not change the economic exposure disclosed here.

Insider Red Oak Partners, LLC
Role 10% Owner
Bought 15,937 shs ($66K)
Type Security Shares Price Value
Purchase Class A common stock 8,208 $4.141 $34K
Purchase Class A common stock 4,529 $4.141 $19K
Purchase Class A common stock 2,062 $4.07 $8K
Purchase Class A common stock 1,138 $4.07 $5K
Holdings After Transaction: Class A common stock — 295,881 shares (Indirect, By The Red Oak Fund, LP directly); Class A common stock — 162,700 shares (Indirect, By The Red Oak Long Fund, LP directly)
Footnotes (5)
  1. F1. Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
  2. F2. ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
  3. F3. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
  4. F4. These transactions were executed in multiple trades at prices ranging from $3.94 to $4.25. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.
  5. F5. These transactions were executed in multiple trades, all at a price of $4.07. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares at which each of the individual transactions was effected.
Total shares purchased 15,937 shares Open-market buys on July 1–2, 2026
Weighted average price (higher tranche) $4.141 per share July 2, 2026 purchases
Weighted average price (lower tranche) $4.070 per share July 1, 2026 purchases
Holdings – The Red Oak Fund, LP 295,881 shares Class A common stock after transactions
Holdings – The Red Oak Long Fund, LP 162,700 shares Class A common stock after transactions
Net buy direction 15,937 shares net-buy transactionSummary for this Form 4
open-market purchase financial
"transaction_action is described as "open-market purchase" for each trade"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
pecuniary interest financial
"Each Reporting Person disclaims beneficial ownership… except to the extent of their pecuniary interest therein"
beneficial ownership regulatory
"disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
weighted average purchase price financial
"The price reported… reflects the weighted average purchase price"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

At what prices were the Motorsport Games (MSGM) shares purchased by Red Oak funds?
The filing shows weighted average purchase prices of about $4.14 and $4.07 per share. Footnotes explain individual trades ranged between $3.94 and $4.25, with the averages reported in the main transaction table for simplicity.

How many Motorsport Games (MSGM) shares do the Red Oak funds hold after these trades?
After the reported purchases, The Red Oak Fund, LP holds 295,881 shares and The Red Oak Long Fund, LP holds 162,700 shares of Motorsport Games Class A common stock. These positions are reported as indirect holdings through Red Oak Partners, LLC.

Who is the reporting person on the Motorsport Games (MSGM) Form 4 and how are shares held?
The reporting person is Red Oak Partners, LLC, a more-than-10% owner. Shares are held indirectly through The Red Oak Fund, LP and The Red Oak Long Fund, LP, which are the direct owners of the stock as disclosed in the filing’s ownership descriptions and footnotes.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Red Oak Partners, LLC
(Last)(First)(Middle)
40 SE 5TH STREET
SUITE 502
(Street)
BOCA RATON FLORIDA 33432
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Motorsport Games Inc. [ MSGM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A common stock07/01/2026P2,062A$4.07(5)287,673IBy The Red Oak Fund, LP directly(1)(3)
Class A common stock07/01/2026P1,138A$4.07(5)158,171IBy The Red Oak Long Fund, LP directly(2)(3)
Class A common stock07/02/2026P8,208A$4.141(4)295,881IBy The Red Oak Fund, LP directly(1)(3)
Class A common stock07/02/2026P4,529A$4.141(4)162,700IBy The Red Oak Long Fund, LP directly(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
2. ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
3. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
4. These transactions were executed in multiple trades at prices ranging from $3.94 to $4.25. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.
5. These transactions were executed in multiple trades, all at a price of $4.07. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares at which each of the individual transactions was effected.
David Sandberg07/06/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR